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Previous: ACCREDITED HOME LENDERS INC, 8-K, 2000-06-08 |
Next: ENVIRONMENTAL SAFEGUARDS INC/TX, 4, 2000-06-08 |
<TABLE>
<CAPTION>
Accredited Home Lenders, Inc.
Mortgage Pass-Through Certificates
Record Date: 4/30/00
Distribution Date: 5/25/00
AHL Series: 2000-1
Contact: Customer Service - CTSLink
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 004735AC5 SEN 7.94000% 52,412,434.80 346,795.61 204,411.79
A-2 004735AD3 SEN 6.51000% 118,952,050.48 645,314.87 1,079,770.56
OC AHL0001OC JUN 0.00000% 2,104,163.50 0.00 0.00
Trust Cert AHL0001TC RES 0.00000% 0.00 0.00 0.00
Totals 173,468,648.78 992,110.48 1,284,182.35
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A-1 0.00 52,208,023.01 551,207.40 0.00
A-2 0.00 117,872,279.92 1,725,085.43 0.00
OC 0.00 2,495,272.19 0.00 0.00
Trust Cert 0.00 0.00 0.00 0.00
Totals 0.00 172,575,575.12 2,276,292.83 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A-1 53,047,000.00 52,412,434.80 27,662.55 176,749.24 0.00 0.00
A-2 120,429,000.00 118,952,050.48 53,648.30 1,026,122.26 0.00 0.00
OC 1,324,000.00 2,104,163.50 0.00 0.00 0.00 0.00
Trust Cert 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
Totals 174,800,000.00 173,468,648.78 81,310.85 1,202,871.50 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A-1 204,411.79 52,208,023.01 0.98418427 204,411.79
A-2 1,079,770.56 117,872,279.92 0.97876990 1,079,770.56
OC 0.00 2,495,272.19 1.88464667 0.00
Trust Cert 0.00 0.00 0.00000000 0.00
Trust Cert 0.00 0.00 0.00000000 0.00
Totals 1,284,182.35 172,575,575.12 0.98727446 1,284,182.35
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A-1 53,047,000.00 988.03767979 0.52147247 3.33193658 0.00000000
A-2 120,429,000.00 987.73593138 0.44547659 8.52055784 0.00000000
OC 1,324,000.00 1589.24735650 0.00000000 0.00000000 0.00000000
Trust Cert 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 3.85340905 984.18427074 0.98418427 3.85340905
A-2 0.00000000 8.96603443 978.76989695 0.97876990 8.96603443
OC 0.00000000 0.00000000 1,884.64666918 1.88464667 0.00000000
Trust Cert 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 53,047,000.00 7.94000% 52,412,434.80 346,795.61 0.00 0.00
A-2 120,429,000.00 6.51000% 118,952,050.48 645,314.87 0.00 0.00
OC 1,324,000.00 0.00000% 2,104,163.50 0.00 0.00 0.00
Trust Cert 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 174,800,000.00 992,110.48 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00 0.00 346,795.61 0.00 52,208,023.01
A-2 0.00 0.00 645,314.87 0.00 117,872,279.92
OC 0.00 0.00 0.00 0.00 2,495,272.19
Trust Cert 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 992,110.48 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 53,047,000.00 7.94000% 988.03767979 6.53751598 0.00000000 0.00000000
A-2 120,429,000.00 6.51000% 987.73593138 5.35846740 0.00000000 0.00000000
OC 1,324,000.00 0.00000% 1589.24735650 0.00000000 0.00000000 0.00000000
Trust Cert 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) Per $1 denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 6.53751598 0.00000000 984.18427074
A-2 0.00000000 0.00000000 5.35846740 0.00000000 978.76989695
OC 0.00000000 0.00000000 0.00000000 0.00000000 1884.64666918
Trust Cert 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Rate Balance Balance Balance Balance Percentage
Class
<S> <C> <C> <C> <C> <C> <C>
FSA 0.21000% 171,364,485.28 170,080,302.94 0.00 0.00 98.04255513%
FSA - REIMB 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 2,429,626.76
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 2,429,626.76
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 153,333.93
Payment of Interest and Principal 2,276,292.83
Total Withdrawals (Pool Distribution Amount) 2,429,626.76
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 72,278.61
Trustee Fee- Norwest Bank 2,349.08
FSA Fee 29,988.78
PMI- MGIC Fee 48,717.46
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 153,333.93
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
Reserve Fund 0.00 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 107 10,109,234.31 6.217316% 5.857859%
60 Days 16 1,469,426.90 0.929692% 0.851469%
90+ Days 2 572,704.96 0.116212% 0.331857%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 125 12,151,366.17 7.263219% 7.041185%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Principal Balance of Contaminated Properties 0.00
Current Period Class Class A Insufficient Funds 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 10.292366%
Weighted Average Net Coupon 9.792365%
Weighted Average Pass-Through Rate 9.344960%
Weighted Average Maturity(Stepdown Calculation ) 330
Beginning Scheduled Collateral Loan Count 1,730
Number Of Loans Paid In Full 9
Ending Scheduled Collateral Loan Count 1,721
Beginning Scheduled Collateral Balance 173,468,648.78
Ending Scheduled Collateral Balance 172,575,575.13
Ending Actual Collateral Balance at 30-Apr-2000 172,575,575.13
Monthly P &I Constant 1,618,197.25
Ending Scheduled Balance for Premium Loans 172,575,575.13
Scheduled Principal 81,310.85
Unscheduled Principal 811,762.80
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Prepayment Penalties $27,023.62
Pre-Funding Amount Group 1 0.00
Pre-Funded Amount Group 2 0.00
Excess Pre-funding Amount Group 1 $4,404.51
Excess Pre-funding Amount Group 2 $10,367.50
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Fixed 30 Year Mixed ARM
Weighted Average Coupon Rate 10.884126 10.520298
Weighted Average Net Rate 10.060915 9.653777
Weighted Average Maturity 303.00 356.00
Beginning Loan Count 690 1,040 1,730
Loans Paid In Full 2 7 9
Ending Loan Count 688 1,033 1,721
Beginning Scheduled Balance 53,107,013.17 120,361,635.61 173,468,648.78
Ending scheduled Balance 52,991,785.83 119,583,789.30 172,575,575.13
Record Date 4/30/00 4/30/00
Principal And Interest Constant 509,348.75 1,108,848.50 1,618,197.25
Scheduled Principal 27,662.55 53,648.30 81,310.85
Unscheduled Principal 87,564.79 724,198.01 811,762.80
Scheduled Interest 481,686.20 1,055,200.20 1,536,886.40
Servicing Fees 22,127.91 50,150.70 72,278.61
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 719.18 1,629.90 2,349.08
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 13,584.84 35,132.62 48,717.46
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 445,254.27 968,286.98 1,413,541.25
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
Group ID 1 2 Total
Required Overcollateralization Amount 0.00 0.00 0.00
Overcollateralization Increase Amount 89,184.45 301,924.25 391,108.69
Overcollateralization Reduction Amount 0.00 0.00 0.00
Specified Overcollateralization Amount 2,143,305.46 4,848,694.54 6,992,000.00
Overcollateralization Amount 783,762.82 1,711,509.38 2,495,272.19
Overcollateralization Deficiency Amount 1,448,727.09 3,439,109.41 4,887,836.50
Base Overcollateralization Amount 0.00 0.00 0.00
Extra Principal Distribution Amount 0.00 0.00 0.00
Excess Cash Amount 89,184.45 301,924.25 391,108.69
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C> <C> <C> <C> <C> <C>
Group 30 Days 60 Days 90 + Days Foreclosure REO Bankruptcy
1 Principal Balance 3,316,438.74 225,050.06 349,615.27 0.00 0.00 0.00
Percentage Of Balance 6.258% 0.425% 0.660% 0.000% 0.000% 0.000%
Loan Count 41 5 1 0 0 0
Percentage Of Loans 5.959% 0.727% 0.145% 0.000% 0.000% 0.000%
2 Principal Balance 6,792,795.57 1,244,376.84 223,089.69 0.00 0.00 0.00
Percentage Of Balance 5.680% 1.041% 0.187% 0.000% 0.000% 0.000%
Loan Count 66 11 1 0 0 0
Percentage Of Loans 6.389% 1.065% 0.097% 0.000% 0.000% 0.000%
Totals:Principal Balance 10,109,234.31 1,469,426.90 572,704.96 0.00 0.00 0.00
Percentage of Balance 5.858% 0.851% 0.332% 0.000% 0.000% 0.000%
Loan Count 107 16 2 0 0 0
Percentage Of Loans 6.217% 0.930% 0.116% 0.000% 0.000% 0.000%
</TABLE>
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